The Byproducts of the War on Iran
Iran’s control of the Strait of Hormuz affects not just oil and fertilizer, but also the many oil- and gas-based inputs essential to everyday goods.
James K. Galbraith, who teaches economics at the UT-Austin, stopped by the Dollars & Sense booth at the ASSA (see recent posts). He also sent along a link to an audio recording of his panel discussion with former labor secretary Robert Reich and New York Times economics reporter David Cay Johnston. I was sorry to have missed the panel—there was a bit of a buzz about it at the conference (at least among the sorts of people who visited the D&S booth).
Here is what he said about it:
This link